Overview of QQ4 2024 financial metrics (all amounts in CNY thousands unless noted otherwise):
- Revenue: Not disclosed for QQ4 2024; no QoQ/YoY data available for revenue.
- Operating expenses: 98,363.00 (R&D 80,775.00; G&A 17,587.00).
- EBITDA: -98,228.75; EBITDA margin not meaningful given no revenue.
- Operating income: -98,363.00; operating income margin not disclosed.
- Net income: -85,421.50; net income per share (EPS): -0.1900; diluted EPS: -0.1900.
- Weighted average shares outstanding: 452,080,000 (diluted 452,078,000).
- YoY QoQ metrics (from earnings metrics): Operating income YoY +99.96%, QoQ 0.00%; Net income YoY +99.98%, QoQ 0.00%; EPS YoY +74.41%, QoQ 0.00%.
- Cash flow: Net cash provided by operating activities -57,480.00; Capex -2,117.00; Free cash flow -59,597.00; Other investing activities +40,874.00; Net cash used in investing activities -38,757.00.
- Balance sheet liquidity: Cash and cash equivalents 310,750.00; Short-term investments 179,772.00; Cash and short-term investments 490,522.00; Total current assets 513,371.00; Total assets 559,931.00; Total liabilities 135,763.00; Total stockholders’ equity 424,168.00; Net debt -232,845.00 (negative net debt).
- Key liquidity ratios: Current ratio 4.67; Quick ratio 4.67; Debt to equity 0.184; Price-to-book 1.271; Enterprise value multiple -3,119.14 (negative; reflects net cash position).